Following today’s blockbuster news of Lou Lamoriello catching on as GM in Toronto, The Record reports that New Jersey will receive a third-round pick as compensation from the Leafs in exchange for losing its team president and longtime architect.
Lamoriello was the NHL’s longest-tenured GM upon relinquishing duties to Ray Shero back in May; he’d spent 28 years on the job and was widely seen as the face of the franchise, famously constructing the group of players that won three Stanley Cups between 1995 and 2003.
(Shortly after news of today’s hire went public, the Devils announced Lamoriello resigned as president.)
Getting a pick back for Lamoriello makes up for the selection lost by hiring John Hynes as head coach. The Devils gave Pittsburgh a third-round pick in 2016 for Hynes, who’d previously been with the Pens’ AHL affiliate in Wilkes-Barre/Scranton.
New Jersey did not compensate Pittsburgh for the Shero hire.